Current Price: $1.158
Key Levels:
Support:
* $1.140 (4 hour EMA 50 & recent swing low)
* $1.120 (psychological level & previous consolidation zone)
* $1.095 (critical Fibonacci 61.8% support)
Resistance:
* $1.170 (immediate local high)
* $1.200 (major psychological barrier)
* $1.225 (previous swing high)
Technical Indicators:
RSI (1h): 56 (neutral with slight bullish bias)
MACD: Showing weak bullish momentum
Volume: Below average needs confirmation
Bollinger Bands: Price hovering near middle band ($1.155)
Key Scenarios:
Bullish: Holds $1.140 → Break above $1.170 targets $1.200
Bearish: Loses $1.120 → Tests $1.095 support
Range bound: Likely between 1.1401.170 without volume
Fundamentals to Watch:
Project announcements/partnerships
Exchange listings or major wallet movements
BTC dominance shifts affecting altcoin liquidity
Trading Strategy:
Consider long above $1.172 (stop $1.148)
Consider short below $1.135 (stop $1.150)
Wait for volume confirmation before larger positions
